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Tax Questions about Dependents
October 29th, 2008 by admin
Most people have dependents and most people have many tax questions about whether their dependents are qualified for certain tax exemptions, tax credits or tax deductions. There are many definitions of dependents, unfortunately, according to the IRS.
Whatever you want to do, you need to look up the rules on the definition of dependents for that specific purpose. Sometimes, a person who depends on you may not qualify as your dependent. This is why there are many disputes when two or more people, such as two parents, try to claim tax credit on one child.
When there is a question of who can claim the child, you need to get that question answered before you file your tax return to avoid headache.
